Moody’s Financial News

Ratings agency Moody’s has announced it will be involved in the Monetary Authority of Singapore (MAS) backed project Guardian by providing risk management services for tokenized fixed income products.

Moody’s Investor Services, a credit ratings and research provider, on Monday, highlighted the inherent tech risks associated with growing tokenized funds.

Moody’s Investors Service cut its outlook for Chinese sovereign bonds to negative, underscoring deepening global concerns about the level of debt in the world’s second-largest economy.

Moody’s Investors Service cut its outlook for Chinese sovereign bonds to negative, underscoring deepening global concerns about the level of debt in the world’s second-largest economy.

Investing.com — US stock futures experienced marginal decreases during Sunday's evening trade after Moody's (NYSE:MCO) Investors Service revised its US credit rating outlook from stable to negative.

HDFC Securities. Read here: Diwali Muhurat Trading 2023: Nifty 50 jumps 100 points; Sensex closes at 65,259 Here are key global market cues Sensex today: Asian markets traded mostly higher on Monday following a tech-driven rally on Wall Street on Friday. Japan’s Nikkei 225 rallied 0.96% and the Topix gained 0.50%.

Moody’s Investor Service, reaffirming its 6.7% growth forecast for the Indian economy for 2023. “With exports remaining weak amid an unfavourable global economic backdrop, strong domestic demand will likely sustain growth in the near-term,” the research firm said Thursday, predicting the Indian economy to grow 6.1% in 2024 and 6.3% in the subsequent year. India’s economy grew 7.8% in the April-June quarter; Moody’s expects growth momentum to have continued in subsequent quarters. “High-frequency indicators show that the economy's strong Q2 momentum carried into Q3.

Financial intelligence company Moody’s Analytics is launching a new AI service that can predict stablecoin depeggings while providing real-time insights about stablecoin issuers’ liquidity and stability.

Moody’s Analytics is launching a new stablecoin service that will use AI to predict probable depeggings “in a 24-hour time horizon” while providing real-time insights about stablecoin issuers’ liquidity and stability.

Vedanta Resources and also on its outstanding debt to “CCC” from “B-”. The move comes two days after Moody’s Investors Service slashed the conglomerate’s rating.

₹210.00 apiece on the BSE. Moody’s downgraded Vedanta Resources’ Ltd (VRL) corporate family rating (CFR) from Caa1 to Caa2 over elevated risks of debt restructuring over the next few months.

Aadhaar authentication requirements, saying it was without any evidence or basis. “The report in question does not cite either primary or secondary data or research in support of the opinions presented in it,” the government said in a statement.

₹120 billion acquisition of Neelachal Ispat Nigam Ltd in July 2022. The change in outlook signifies the steelmaker’s improved credit metrics. The agency believes that this positive trend can be maintained as the firm continues to invest in and expand its capacity both in India and Europe.

India’s growth forecast to 6.7% in 2023 from 5.5% projected earlier, as the Indian economy recorded 7.8% growth in the April-June quarter. “Strong services expansion and capital expenditures propelled India’s 7.8% real GDP growth in the second quarter from a year ago,” Moody’s said in its report. However, the rating and research agency lowered the 2024 forecast down to 6.1% from the 6.5% projected earlier. “Since the second quarter outperformance creates a high base in 2023, we have lowered our 2024 growth forecast from 6.5% to 6.1%. Given the robust underlying economic momentum, we also recognize further upside risk to India’s economic growth performance,” it said. On the inflation front, the rating agency expects inflation to average 5.7% in 2023, a tad below the Reserve Bank of India’s upper target band of 6%. In July, inflation at 7.4%, crossed the Reserve Bank of India’s upper target band for the first time.

MUMBAI : Moody’s Investors Service on Friday affirmed India’s long-term local and foreign-currency issuer ratings at Baa3 and retained the stable outlook while flagging risks from the country’s “high debt burden" and curbs on political dissent. The current rating of Baa3 and stable outlook, Moody’s said, also consider a “curtailment of civil society and political dissent, compounded by rising domestic political risk".

Moody’s Investor Service Friday affirmed India’s 'Baa3' rating with a stable outlook. The ratings agency said that rising growth will contribute to higher income levels and overall economic resilience.

The Moody's ratings downgrades and outlook warnings on a swath of U.S. banks this week show that the industry still faces pressure after the collapse of Silicon Valley Bank.

US bank stocks declined after Moody’s Investors Service lowered its ratings for 10 small and midsize lenders and said it may downgrade major firms including US Bancorp, Bank of New York Mellon Corp, State Street Corp and Truist Financial Corp.

Moody’s Investors Service lowered credit ratings for 10 small and mid-size United States banks and said it may downgrade major lenders including U.S. Bancorp, Bank of New York Mellon Corp., State Street Corp., and Truist Financial Corp. as part of a sweeping look at mounting pressures on the industry.

NEW DELHI : Six major Asian economies, China, Hong Kong, Japan, South Korea, Singapore and Taiwan, which comprise one-fifth of the world’s population, will experience rapid decline in their working-age populations that is expected to drop about 10 percentage points by 2050 to 59% of their total populations on average, leading to major impact on global economic growth, Moody’s Investors Services said in a report on Wednesday. The drag on growth and public finances for these economies will be significant, barring gains in productivity, workforce participation or quality of available labour, said the report titled “Aging in key economies will drag on growth and finances, with global credit implications".

New Delhi: Credit rating agency Moody’s Investors Service has warned that the credit impact of water management risks is set to escalate due to rising demand and the effects of climate change. In a report, Moody’s highlighted the increasing credit risk associated with water management as the demand for water continues to surge and climate change exacerbates challenges. Moody’s pointed out that sectors such as extractive industries, agriculture, utilities, and emerging market local governments are particularly exposed to these risks.